Nelson Brandon 4
4 · JETBLUE AIRWAYS CORP · Filed Apr 15, 2024
Insider Transaction Report
Form 4
Nelson Brandon
SVP General Counsel Corp Sec
Transactions
- Exercise/Conversion
Common Stock
2024-04-11+47,147→ 75,371 total - Exercise/Conversion
Restricted Stock Units
2024-04-11−47,147→ 94,295 total→ Common Stock (47,147 underlying) - Tax Payment
Common Stock
2024-04-11$6.83/sh−19,001$129,777→ 56,370 total - Award
Common Stock
2024-04-12+2,595→ 58,965 total - Tax Payment
Common Stock
2024-04-12$6.87/sh−1,046$7,186→ 57,919 total
Footnotes (4)
- [F1]Upon vesting, the Reporting Person is entitled to receive one share of common stock for each restricted stock unit.
- [F2]The restricted stock units vest in equal annual installments over a three year period, measured from the vesting commencement date of April 11, 2023.
- [F3]These shares were automatically withheld and returned to JetBlue to cover tax obligations upon RSU and PSU vesting, in accordance with JetBlue policy for all RSU and PSU vesting of RSU and PSU eligible employees in the United States.
- [F4]Represents shares of JetBlue common stock earned by, and issued to, the Reporting Person upon vesting of Performance Share Units (2021 PSUs) granted on April 13, 2021, based on an absolute EBITDA goal (weighted 40%), an adjusted debt to cap ratio goal (weighted 40%) and an ESG performance index goal (weighted 20%), for the performance period from January 1, 2021 through December 31, 2023. Following the conclusion of the three year performance period, the Compensation Committee certified to the performance of JetBlue relative to these goals for the 2021 PSUs at 53.2%.